As of June 30, 2024, the Invesco Galaxy Ethereum ETF, formed on September 27, 2023, reported total assets and net assets of $100,000, with a net asset value (NAV) per share of $25.00. The Trust was seeded with $100,000 through the initial purchase of 4,000 shares by Invesco Ltd. on June 17, 2024. As of the reporting date, Invesco Ltd. owned 100% of the outstanding shares.

During the period from June 17, 2024, to June 30, 2024, the Trust generated net cash provided by financing activities amounting to $100,000, reflecting the proceeds from the purchase of shares. The Trust held no cash equivalents at the end of the period, with a net change in cash also reported at $100,000.

The Trust's investment objective is to mirror the performance of the spot price of ether, as measured by the Lukka Prime Ethereum Reference Rate, minus expenses and liabilities. The Trust has designated Coinbase Custody Trust Company, LLC as the Ethereum custodian for its ether holdings, while The Bank of New York Mellon serves as the administrator, responsible for various administrative and accounting services, including the calculation of the NAV.

No sponsor fees were incurred during the reporting period, and the Trust's only ordinary recurring expense is the Sponsor Fee, which is set at 0.25% per annum of the daily total net assets. This fee is accrued daily and paid monthly in arrears. The Sponsor has agreed to cover all ordinary expenses of the Trust from this fee, while extraordinary expenses may include taxes and brokerage commissions.

On July 8, 2024, Invesco Ltd. redeemed all of its initial seed shares for cash at a per-share price of $25.00, totaling $100,000. Subsequently, Invesco Ltd. created 3,000 additional shares at a price of $30.042 per share based on the benchmark price. The Trust's registration statement was declared effective by the SEC on July 22, 2024, and it commenced trading on the Cboe BZX Inc. on July 23, 2024.

As of June 30, 2024, the Trust had not commenced operations and did not hold any ether, with its activities limited to organization and registration. The Trust intends to be treated as a grantor trust for U.S. federal income tax purposes, which means it will not be subject to federal income tax.